Hope for hundreds of miners after colliery $434 million in debt sold (opens original article in a new tab)

The Tahmoor Colliery, which had 238 permanent workers laid off, has been sold to a consortium including Singapore-based GEAR and Australian M Resources, offering hope for job recovery and mine restart. The sale requires government approvals and could lead to rehiring of former workers and creditors' full recovery.

• Tahmoor Colliery sold to GEAR and M Resources consortium
• Mine could restart operations and rehire hundreds of workers
• Liquidators expect full recovery for creditors and employees
• NSW government supports restart with necessary approvals